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Jul 5, 2011
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in tokyo the nikkei was up seven points, but in hong kong the hang seng lost 22. >>> expect light to mid summer volume this week on wall street where the markets will resume business on five-day winning streak. many traders will be vacationing, but working investors seeking incentive need look no further than monday's market results around the rest of the world. on the strength of last week's big wall street rally, world markets hit a four and a half week high on monday led by shanghai. the dollar was broadly steady against most major currencies. the price of crude remains steady at around $95 a barrel, and improved appetite for risk in stocks and the end of the fed's bond buying program has reduced demand for bonds with yields on ten-year notes settling near their highest point in almost two months. >>> after climbing to its highest point nearly a month the euro tumbled monday after a warning monday from standard & poor's that greece would likely be in default if it follows a rollover plan by french banks. many on wall street are starting to focus on debt ceiling negotiations in was
in tokyo the nikkei was up seven points, but in hong kong the hang seng lost 22. >>> expect light to mid summer volume this week on wall street where the markets will resume business on five-day winning streak. many traders will be vacationing, but working investors seeking incentive need look no further than monday's market results around the rest of the world. on the strength of last week's big wall street rally, world markets hit a four and a half week high on monday led by...
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Jul 20, 2011
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points, while in hong kong the hang seng added 101. >>> tuesday strong earnings and hope for a deficit deal in washington boosted stocks to their best day since march. the dow had its biggest one-day jump this year. tuesday's gains turned all three majors positive for the month. >>> the nasdaq gained more than 2% led by apple hitting a 52-week high. after closing apple posted stunning sales vaulting past nokia and samsung to become the biggest smartphone maker, and way above analysts' estimates sending shares even higher after hours. >>> results from tech bellweather ibm sent big blue zooming up almost 6%. >>> coca-cola's sweet results sent coke up over 3%. >>> harley davidson was the s&p's top performer after reporting its first sales increase since 2006. >>> wells fargo shares jumped 6% after a profit hike. key bank had a boost in earnings. on the flip side bank of america and goldman sachs fell on disappointing results. >>> in data june's new home and apartment construction jumped to a six-month high. single family home construction saw its biggest increase in over two years. >>> ho
points, while in hong kong the hang seng added 101. >>> tuesday strong earnings and hope for a deficit deal in washington boosted stocks to their best day since march. the dow had its biggest one-day jump this year. tuesday's gains turned all three majors positive for the month. >>> the nasdaq gained more than 2% led by apple hitting a 52-week high. after closing apple posted stunning sales vaulting past nokia and samsung to become the biggest smartphone maker, and way above...
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Jul 25, 2011
07/11
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pauline chiou, thank you very much, reporting from hong kong. we'll check back if something happens. now to cnn contributor and political anchor for new york one errol lewis watching this play out. thanks for joining us. you have great insight into washington and the scene there. what do you make of this whole standoff and this impasse right now? >> well, i thought the standoff was going to go fairly late and frankly there's no point in brinksmanship if you're not willing to go to the brink so i always thought this would run into extra innings and get close to the deadline. that's where we are. i think there's a possibility though it could come to a halt depending on what happens in these markets. the last time we had something like this, i'll take you back to 2008, don, when in late september, the house voted down a $700 billion bailout package and the market reacted by losing $1.2 trillion, the first time that happened in a single day. that 778-point drop in the dow jones average convinced congress to go back and try it again. so it doesn't ha
pauline chiou, thank you very much, reporting from hong kong. we'll check back if something happens. now to cnn contributor and political anchor for new york one errol lewis watching this play out. thanks for joining us. you have great insight into washington and the scene there. what do you make of this whole standoff and this impasse right now? >> well, i thought the standoff was going to go fairly late and frankly there's no point in brinksmanship if you're not willing to go to the...
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Jul 1, 2011
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let's cross over to hong kong. anna coren is watching world markets for us right now. >> a very good morning to you, ali, here in the asia pacific or the tropics as i know you like to call it, markets closed mostly higher. on optimism that greece has managed to avoid a default and on news that u.s. manufacturing expandsed at a faster pace in june. it settled at about .5%. european markets have been open for a few hours and they're relatively flat. we'll see how they do over the day. america? you're looking good so far. the s&p 500 closed strong last night. marking the fourth straight day of strong performance, we'll see if europe's performance will affect things across the pond for you guys there. >> you in the tropics like your bridges. in fact, in china, i read in "time" magazine that 11 of the world's 15 longest bridges are there. and there are four bridges opening today, including the world's longest sea bridge. it's the length of a marathon. >> it's, it is very long. but believe it or not, ali, we're hearing n
let's cross over to hong kong. anna coren is watching world markets for us right now. >> a very good morning to you, ali, here in the asia pacific or the tropics as i know you like to call it, markets closed mostly higher. on optimism that greece has managed to avoid a default and on news that u.s. manufacturing expandsed at a faster pace in june. it settled at about .5%. european markets have been open for a few hours and they're relatively flat. we'll see how they do over the day....
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Jul 21, 2011
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in tokyo, the nikkei added four points, but in hong kong, the hang seng dipped 16. >>> wall street was slightly lower wednesday as pressure builds for washington for seal a debt deal. apple hit another all-time high, attracting a host of brokerage upgrades, but overall, investors sat on the sidelines, nervous about this debt ceiling impasse. that, plus euro debt concern had traders stuck in the mud. there is an emergency summit on greek debt in brussels this morning. aside from apple, techs fell wednesday, led by yahoo! tumbling over 7.5%. microsoft also dropped ahead of its quarterly report today. zillow jumped 79% on its first day of trade. in deal news, commercial aviations biggest-ever order will transform americans' fleet from one of the oldest to youngest. the airline will buy 460 new aircraft over the next decade from both airbus and boeing. however, the undisclosed but no doubt huge price tag left analysts and industry analysts pretty concerned. >>> ecolab is buying water treatment company nalco for $5.4 billion. intel dropped after trimming its personal computer sales forecast
in tokyo, the nikkei added four points, but in hong kong, the hang seng dipped 16. >>> wall street was slightly lower wednesday as pressure builds for washington for seal a debt deal. apple hit another all-time high, attracting a host of brokerage upgrades, but overall, investors sat on the sidelines, nervous about this debt ceiling impasse. that, plus euro debt concern had traders stuck in the mud. there is an emergency summit on greek debt in brussels this morning. aside from apple,...
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Jul 22, 2011
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taking a look at overseas trading this morning, in tokyo, the nikkei rose 121 points while in hong kong the hang seng spiked 457. >>> well, hope that some longstanding issues were finally being addressed sent stocks surging. rumors a deficit deal in washington was imminent. also thursday, eurozone leaders hashed out a new massive bailout for greece with banks and other private contributors. they radically reformed the rescue fund to help countries before a crisis flares. oil surged above $100 a barrel. the euro rose against the dollar, and u.s. government bonds fell. >>> also overnight, asian markets were higher on news of the euro deal. unexpected bang upearnings from morgan stanley sent shares spiking 11%. union pacific jumped almost 5% on higher profits. alexion spiked, but intel dropped. also due to soft pc sales, after the bell microsoft fell. in deal news, express scripts is buying med co-health, combining the nation's largest pharmacy benefit managers. >>> six years earlier than expected, the government has sold its entire investment in chrysler to italy's fiat, now the majority
taking a look at overseas trading this morning, in tokyo, the nikkei rose 121 points while in hong kong the hang seng spiked 457. >>> well, hope that some longstanding issues were finally being addressed sent stocks surging. rumors a deficit deal in washington was imminent. also thursday, eurozone leaders hashed out a new massive bailout for greece with banks and other private contributors. they radically reformed the rescue fund to help countries before a crisis flares. oil surged...
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hong kong's hang seng is about 100 points higher. and in london, the ftse opened lower. on wall street the dow gained 56 points yesterday. the nasdaq index rose just 8. >>> there is a newewata breach reported. morgan stanley smith barney mailed two cds with permanent information about 34,000 clients to the new york state tax department. the package arrived but then the cdcddisappeared. there's no evidence of wrongdoing. >>> well, the auto industry is hiring again and at a much faster rate than the rest of the economy and that's because sales are rising and the automakers are adding shifts to meet the demand. also, foreign automakers are finding it cheaper to build their cars here than import them. >>> well, it's too soon to write off cash, but the treasury department is printing less paper money because more and more purchases are being made with plastic. in fact, last year the government didn't print any $10 bills at all, however, most americans still like to keep a little cash on hand. it comes in handy with tips. >>> here is a reverse of the modern trend. more are pay
hong kong's hang seng is about 100 points higher. and in london, the ftse opened lower. on wall street the dow gained 56 points yesterday. the nasdaq index rose just 8. >>> there is a newewata breach reported. morgan stanley smith barney mailed two cds with permanent information about 34,000 clients to the new york state tax department. the package arrived but then the cdcddisappeared. there's no evidence of wrongdoing. >>> well, the auto industry is hiring again and at a much...
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Jul 19, 2011
07/11
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taking a look, tokyo's nikkei average lost 85 points today, hong kong's hang seng was down 200. in london the ftse opened lower. and on wall street the nasdaq index dropped 25. >>> the final chapters for borders. not a storybook ending. nobody was interested in buying and operating the chain so borders could begin closing stores as soon as friday. the company has almost 11,000 employees. >>> high-tech systems that slam on the brakes for you have been found to work out very well. an insurance industry study today found that volvos wiwi this feature were involved in fewer low speed crashes. now, here's how this work. an infrared sensor judges the distance between vehicles and applies the brakes when it get too close. other automakers are worki on similar systems. >> pretty cool. >>> a concrete tycoon is now raising eyebrows in the ozarks because of his new home pensmore as it's called because it looks almost like a castle. check this out. 13 bidrooms and 14 bathrooms in its 72,000 square feet, making it one of the largest residential homes in the country when it's done. the all co
taking a look, tokyo's nikkei average lost 85 points today, hong kong's hang seng was down 200. in london the ftse opened lower. and on wall street the nasdaq index dropped 25. >>> the final chapters for borders. not a storybook ending. nobody was interested in buying and operating the chain so borders could begin closing stores as soon as friday. the company has almost 11,000 employees. >>> high-tech systems that slam on the brakes for you have been found to work out very...
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hong kong's hang seng is up in late trading. in london the ftse opened lower. on wall street, the dow gained 152 points yesterday, the nasdaq up 33. >>> minnesota's state government shut down overnight. talks between the governor and legislature stalled over taxes and a $5 billion budget deficit. the shut-down coming right before the holiday weekend means state parks and the minnesota zoo will be closed. >>> the agriculture department says the nation's farmers have planted the second-largest corn crop of the last 70 years. the news is driving down the price for corn futures. that means food prices could be lower than expected by fall. >>> hewlett-packard is trying to make a big splash with its new touch pad tablet computer. you can find the touch pad in stores today. "usa today's" ed banks says it has too few apps, also too many glitches, but he did find real positives. >> the standout feature here is web os. that's hp's operating system originally developed for the palm prix. uses a playing card metaphor. where all the apps and tasks you're running appear as p
hong kong's hang seng is up in late trading. in london the ftse opened lower. on wall street, the dow gained 152 points yesterday, the nasdaq up 33. >>> minnesota's state government shut down overnight. talks between the governor and legislature stalled over taxes and a $5 billion budget deficit. the shut-down coming right before the holiday weekend means state parks and the minnesota zoo will be closed. >>> the agriculture department says the nation's farmers have planted the...
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Jul 26, 2011
07/11
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hong kong's hang seng is up 195. in london the ftse opened lower, and on wall street the dow fell 88 points yesterday. the nasdaq index lost 16. >>> the gap in wealth between whites and minorities is increasing according to census data released today. the average net worth for a white household is $113,000 and that is 18 times the amount for hispanics, which is only 6,300, and 20 times that for blacks at $5,700. >>> your local post office's days could be numbered. the postal service is expepeed to release a list of 3,600 offices it might close as its losses soar and mail volume dwindles. but keep in mind, though, the postal service did this same thing two years ago but then only chose a handful of offices for actual closing. >>> netflix is warning it is not adding subscribers as quickly as in the past. the video service also anticipates some cancellations. it's all part of the backlash from last month's price hikes announcement when netflix saidd it will start charging parately for streaming online and i'm getting dv
hong kong's hang seng is up 195. in london the ftse opened lower, and on wall street the dow fell 88 points yesterday. the nasdaq index lost 16. >>> the gap in wealth between whites and minorities is increasing according to census data released today. the average net worth for a white household is $113,000 and that is 18 times the amount for hispanics, which is only 6,300, and 20 times that for blacks at $5,700. >>> your local post office's days could be numbered. the postal...
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Jul 14, 2011
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tokyo's nikkei and hong kong's hang seng dropped a fraction. >>> today wall street gets another round of earnings. theity les on retail sales and a look at the weekly jobless claim numbers. also fed reserve chairman ben bernanke continues his testimony on capitol hill. wednesday he told lawmakers the fed would consider several options to jump-start the economy if it doesn't improve soon. that gave stocks a big boost. the dow gained almost 45 points while the nasdaq was up 15. >>> numbers released overnight show foreclosures fell nearly 30% in the first half of the year but that's not because of any actual improvement in the housing market. analysts say paperwork and procedural delays are pushing the process further and further back, an estimated 1 million foreclosures that should have taken place this year will now happen in 2012 or later. >>> chrysler is recalling its best selling vehicle, more than 240,000 ram pickup trucks from 2008 through 2011 are being recalled because of a steering problem, a part near the left wheel can fracture and cause loss of steering, a few minor crashes
tokyo's nikkei and hong kong's hang seng dropped a fraction. >>> today wall street gets another round of earnings. theity les on retail sales and a look at the weekly jobless claim numbers. also fed reserve chairman ben bernanke continues his testimony on capitol hill. wednesday he told lawmakers the fed would consider several options to jump-start the economy if it doesn't improve soon. that gave stocks a big boost. the dow gained almost 45 points while the nasdaq was up 15....
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Jul 14, 2011
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hong kong's hang seng fell more than 100 points. in london the ftse opened higher. on wall street the dow gained 45 points yesterday. the nasdaq index was up 15 points. >>> well, rupert murdoch isn't going to buy britain's sky tv network. lawmakers of allmajorbritain's r parties demanded he withdraw the bid as anger increases over employees of his newspapers hacked into voice mailboxes of the royal, even a a dnapped girl. there is a report the paper tried to hack into the voice mail of 9/11 victims in this country. members of congress are calling for investigation. >>> well, sometimes if you want a job done right, you just have to get in there and do it yourself, and that may be why oprah winfrey has named herself chief executive and also chief creative officer of her cable network now that her own tv show has ended. ratings of the oprah winfrey network or own, have so far been pretty lackluster. >>> the final harry potter doesn't open till midnight but has already sold $32 million in tickets. could mean one of the biggest openings ever. "deathly hallows: part 2" wi
hong kong's hang seng fell more than 100 points. in london the ftse opened higher. on wall street the dow gained 45 points yesterday. the nasdaq index was up 15 points. >>> well, rupert murdoch isn't going to buy britain's sky tv network. lawmakers of allmajorbritain's r parties demanded he withdraw the bid as anger increases over employees of his newspapers hacked into voice mailboxes of the royal, even a a dnapped girl. there is a report the paper tried to hack into the voice mail of...
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Jul 25, 2011
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clinton told the american chamber of commerce in hong kong the u.s. economy is sound. she later went to deliver a similar message to beijing's top foreign policy official. wall street did not respond kindly to the latest back and forth in the debt dilemma. the dow lost 88, the s&p gave back 8, the nasdaq dropped 16. senior political analyst brit hume has thoughts what's going on with the debt ceiling back and forth. today it seems the biggest development was that democrats came off the increasing of revenues, increasing taxes. >> right. it looks like higher tax rates in particular off the table, because the democrats agreed to it. as far as we know the president didn't have a problem with that. so that issue, it appears that phase of it has been resolved. it also seems they were close, the leaders of the two parties in the congress, two houses, two parties, were close to a deal, and when harry reid, the senate democratic leader, took it to the white house to run it by the white house, it was going to be in phases, one debt ceiling increase with spending cuts, followed
clinton told the american chamber of commerce in hong kong the u.s. economy is sound. she later went to deliver a similar message to beijing's top foreign policy official. wall street did not respond kindly to the latest back and forth in the debt dilemma. the dow lost 88, the s&p gave back 8, the nasdaq dropped 16. senior political analyst brit hume has thoughts what's going on with the debt ceiling back and forth. today it seems the biggest development was that democrats came off the...
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Jul 15, 2011
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hong kong, australia, and new zealand finished the week on the downside. checking in on hour numbers. looks like a bit of a roller coaster. we are set to pose the worst week of the year. dow all down. not huge losses but they were down. dow starts at 12, 437. >>> oakland based clorox is the target of a takeover bid. billionaire investigator carl icon is looking to buy the company. that purchase price would be an $8 premium per share over yesterday's close. that price has been driven up this week by rumors of a possible takeover. >>> time now 5:21. are they getting close to playing pro football? the deal that was reached yesterday that may help end the nfl lockout. glance and it's the final spell for mug les that live in a wizards world. >>> we'll have more bay area traffic coming up in a bit. >>> good morning, we have a very similar pal tern to what is going on the entire -- pattern to what is going on the entire week. low clouds 50s and 60s by the coast. >>> look at this pap life and death-- look at this a life and death situation. he's grabbing for a rop
hong kong, australia, and new zealand finished the week on the downside. checking in on hour numbers. looks like a bit of a roller coaster. we are set to pose the worst week of the year. dow all down. not huge losses but they were down. dow starts at 12, 437. >>> oakland based clorox is the target of a takeover bid. billionaire investigator carl icon is looking to buy the company. that purchase price would be an $8 premium per share over yesterday's close. that price has been driven up...
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Jul 17, 2011
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she visits india tomorrow, and later indonesia, hong kong, and china. she says the u.s. must show solidarity with india. >>> chinese officials are angry with president obama this morning after he met with the dalai lama. they met for about 45 minutes yesterday, praising him for embracing nonviolence. however, mr. obama reiterated that the united states does not support independence for tibet. china accuses the dalai lama of being a separatist. earlier this year, the dalai lama said he is now only the spiritual leader of the tibetens. >>> the crew aboard the space shuttle atlantis is preparing to head back to earth. atlantis is scheduled to land in florida on thursday, capping the end of the 30 year shuttle program. >>> part of the country is dealing with extreme heat this morning. temperatures in some areas are 15 degrees higher than normal. the blistering heat has prompted health warnings in cities such as milwaukee. the mayor has even designated eight cool spots where sprinklers will continuey run at parks. >> for children of alages, get out here, underneath the water.
she visits india tomorrow, and later indonesia, hong kong, and china. she says the u.s. must show solidarity with india. >>> chinese officials are angry with president obama this morning after he met with the dalai lama. they met for about 45 minutes yesterday, praising him for embracing nonviolence. however, mr. obama reiterated that the united states does not support independence for tibet. china accuses the dalai lama of being a separatist. earlier this year, the dalai lama said he...
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Jul 25, 2011
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in hong kong secretary of state hillary clinton tried to calm jittery investors. the political rangeling in washington is intense now. but these kinds of debates have been a constant in our political life throughout the history of our republic. >> asian stocks fell but it wasn't nearly as bad as predicted. simon hbo says there's a danger in trying to cry wolf. >> they tried to get a deal over the weekend. they failed to do that. >> on the hill, more finger pointing. >> i know the president's worried about the next lerks.ç my god, shouldn't we be worried about the country. >> instead of speaker boehner leading the tea party he seems to be leading them. >> dow jones down 54 points we're off a little bit in the s&p and nasdaq. kristin welker is on the white house. luke russert is on capitol hill. kristen, this has got to be a frustrating monday for the white house. the president went into the weekend completely frustrated that he said i can't even get a phone call back. how do you move the ball at this point? >> frustration sa good word. most of the action right no
in hong kong secretary of state hillary clinton tried to calm jittery investors. the political rangeling in washington is intense now. but these kinds of debates have been a constant in our political life throughout the history of our republic. >> asian stocks fell but it wasn't nearly as bad as predicted. simon hbo says there's a danger in trying to cry wolf. >> they tried to get a deal over the weekend. they failed to do that. >> on the hill, more finger pointing. >> i...
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Jul 14, 2011
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. >>> we go to kristie lu stout, live from hong kong. debt ceiling talks ending bad yesterday, ben bernanke's talks yesterday, how are things going? >> it's been a down day for most asian markets. the buzz kill, moody's warning that could downgrade its rating on u.s. debt as the political impasse over raising the debt ceiling drags on. that and of course worries about the european debt crisis we saw financial stocks, exporters here in asia feeling the most pressure today. ali? >> global investors, what's your sense of what people are thinking about the u.s. solving its debt problem here in the united states? >> well, let's just look at how the markets are trading in europe. looking at the stock prices here, on my ipad, the downward trend goes on. it's all red a arrows. debt troubles, they're on both sides of the atlantic. people are fixated with what's happening in the u.s. and also in europe. for example, italy, later today, it's making way for
. >>> we go to kristie lu stout, live from hong kong. debt ceiling talks ending bad yesterday, ben bernanke's talks yesterday, how are things going? >> it's been a down day for most asian markets. the buzz kill, moody's warning that could downgrade its rating on u.s. debt as the political impasse over raising the debt ceiling drags on. that and of course worries about the european debt crisis we saw financial stocks, exporters here in asia feeling the most pressure today. ali?...
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. >> just to give a little context, they met, i believe was it a party in hong kong? she was actually working for the tycoon? >> reporter: right. she was -- she managed an internship after graduating from yale. at star tv which is the sort of flagship murdoch's flagship in greater china and she great crashed one of their annual parties where he was there and that was apparently their first meeting which was relatively brief, but, obviously, very meshlable because then she was his translator in china and hong kong. she was part of a work delegation that went to london and they started seeing each other and before you knew it, he was divorcing his second wife of 30 years and within a couple of weeks, marrying wendi. >> it wasn't the only controversy sort of swirling around here. i mean, as a teenager, she was caught up in an affair with the goal of getting a green card? >> reporter: right. we will she befriended an american couple in china, the cherries, and she was learning english. she actually spoke no english at all and she was learning english from both of them and
. >> just to give a little context, they met, i believe was it a party in hong kong? she was actually working for the tycoon? >> reporter: right. she was -- she managed an internship after graduating from yale. at star tv which is the sort of flagship murdoch's flagship in greater china and she great crashed one of their annual parties where he was there and that was apparently their first meeting which was relatively brief, but, obviously, very meshlable because then she was his...
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Jul 25, 2011
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bill: no coincidence she made those comments in hong kong. can both side make a deal? senator ron johnson, a newbie on the hill. on the other side democratic congressman adam schiff is here. al report accused gunman in the norway terror attacks making his first court appearance. we also have amateur video of the moments after a car bomb ripped through the government district in oslo. the death toll from thursday's bombing and shooting rampage stands at 93 people killed. gregg, what happened in court this morning? >> reporter: we are going to know in 15 minutes when the judge reads the ruling. but it was a closed hearing. what wire told was the key thing is to establish the evidence to keep him in jail. they did on purpose keep it closed. this is a already open society and that quite an exception. they did it they said for security reasons among others, also in order to keep him from getting his message out, something he clearly wants to do. alisyn: this horrible tragedy remind us of our own darkest days after 9/11 or the oklahoma city bombing. how are people in norway
bill: no coincidence she made those comments in hong kong. can both side make a deal? senator ron johnson, a newbie on the hill. on the other side democratic congressman adam schiff is here. al report accused gunman in the norway terror attacks making his first court appearance. we also have amateur video of the moments after a car bomb ripped through the government district in oslo. the death toll from thursday's bombing and shooting rampage stands at 93 people killed. gregg, what happened in...
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Jul 21, 2011
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., real estate in hong kong, and the optics industry in germany? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. you know, the ones witwho do such a super job,, risks, fees and expenses they're backed by the superguarantee®? only superpages®. wherever you are, wherever you're going, you'll find the super business you need. so next time, let the good guys save the day. get the superguarantee®, only at superpages®. in the book ... on your phone or online. our girl's an architect. our boy's a genius. we are awesome parents! biddly-boop. [ male announcer ] if you find a lower rate on a room you've booked, we won't just match it. we'll give you $50 towards your next trip. [ gnome ] it's go time. >>> nfl players did not vote on a new labor contract today as expe
., real estate in hong kong, and the optics industry in germany? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. you know, the ones witwho do such a super job,, risks, fees and expenses they're...
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Jul 1, 2011
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kong, new zealand, followed by the u.k., with the u.s. rounding out the top five. two years ago the u.s. ranked number three. >> the gap basically between the european countries and america is shrunk dram dramatically in the last ten years and particularly in the last three years. i cannot tell you how badly we will fare once the financial regulation that was passed last year will have been implemented. >> reporter: among the fiercest competitors are the so-called bric countries, brazil, russia, india, china, the last two, india and china, rank among the top 40 improved countries over the last five years in terms of their business climates. now, taxes are considered part of regulation, gregg, and in that category, would you care to guess where we stand? i'll tell you, number 62 in the world in terms of taxes. gregg: i was thinking it's kind of close to the bottom. james rosen, thank you very much. >> all right gregg. martha: all right, what a turn of events in this case, dominic strauss-kahn, awaiting his court appearance, there he is, he
kong, new zealand, followed by the u.k., with the u.s. rounding out the top five. two years ago the u.s. ranked number three. >> the gap basically between the european countries and america is shrunk dram dramatically in the last ten years and particularly in the last three years. i cannot tell you how badly we will fare once the financial regulation that was passed last year will have been implemented. >> reporter: among the fiercest competitors are the so-called bric countries,...
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secretary of state clinton in hong kong tried to reinsure asian investors. >> i'm confident that congress will do the right thing and secure a deal on the debt ceiling, and work with president obama to take the steps necessary to improve our long-term fiscal outlook. >> reporter: senate majority leader harry reid who as you pointed out says the boehner plan is a none starter has a proposal of his own, to cut the deficits by counting savings by ending the what ares in iraq and afghanistan. republicans say the markets might not buy that but the same accounting tool was used in the republican budget that passed the house. jon: interesting to that the secretary of state commenting on tkphes particular spending matter. thank you. jenna: the lack of debt deal seems to be one of the factors in the stock market as wendell was talking about. the dow trading down by 60 points . it was down by over a hundred earlier. simon constable is a columnist for the "wall street journal." what is your take? we talk about the reassurance for the market? what about the reassurance for the average investor. >> mo
secretary of state clinton in hong kong tried to reinsure asian investors. >> i'm confident that congress will do the right thing and secure a deal on the debt ceiling, and work with president obama to take the steps necessary to improve our long-term fiscal outlook. >> reporter: senate majority leader harry reid who as you pointed out says the boehner plan is a none starter has a proposal of his own, to cut the deficits by counting savings by ending the what ares in iraq and...
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. >> kristie lu stout, we'll take on top of that with you in hong kong. "american morning" continues right now. >>> and good morning to you. the gloves are off. i'm kiran chetry. debt talks getting fiery. tempers flaring. president obama abruptly ending a meeting after trading ultimatums with house majority leader eric cantor. >>> duck and cover. a cnn crew caught in the middle of an all-out battle in lib why. bullets whizzing by tear van. every moment of it caught on tape. we will show it to you on this "american morning." >>> good morning to you. 6:00 on this thursday, july 14. this is ali. >> chris seen on a well-deserved vacation. we have a lot going on today. let's get to it. high drama and high stakes over raising america's debt ceiling. we are now just 20 day ace way from the treasury deadline. president obama will meet again today with congressional leaders for the fifth straight day of negotiations that ended abruptly yesterday. republicans saying the president stormed out of the talks. this morning, democratic source is telling cnn president oba
. >> kristie lu stout, we'll take on top of that with you in hong kong. "american morning" continues right now. >>> and good morning to you. the gloves are off. i'm kiran chetry. debt talks getting fiery. tempers flaring. president obama abruptly ending a meeting after trading ultimatums with house majority leader eric cantor. >>> duck and cover. a cnn crew caught in the middle of an all-out battle in lib why. bullets whizzing by tear van. every moment of it...
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kristie lu stout in hong kong. that will bring an end to wake-up call this morning. we'll be back at 5:00 a.m. eastern tomorrow. right now it's time for "american morning" starting right now. parts of the nation g from the heat. i'm kiran chetry. millions of americans under a heat advisory this morning. hundreds of thousands are without power because of the weather. we'll tell you when we can see relief. >> i'm ali velshi. urgency to the debt ceiling talks as president obama warned social security checks may not go out to million americans if there is no deal by the default deadline. >>> and good morning. you're watching "american morning" on this wednesday, july 13th. christine romans is off this morning. it's not just the social security checks but veterans benefits, other -- >> right. >> that's a scary process. >> starts to get mathematical. we have to figure out what gets paid and what doesn't get paid. another big story right now, a massive and dangerous heat wave is gripping much of the nation. here's how it looks and feels across the country. take a look at th
kristie lu stout in hong kong. that will bring an end to wake-up call this morning. we'll be back at 5:00 a.m. eastern tomorrow. right now it's time for "american morning" starting right now. parts of the nation g from the heat. i'm kiran chetry. millions of americans under a heat advisory this morning. hundreds of thousands are without power because of the weather. we'll tell you when we can see relief. >> i'm ali velshi. urgency to the debt ceiling talks as president obama...
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kong and that's where mexico has to go? >> in your cover story the first couple paragraphs you talk about this perhaps tipping point and the reason behind it, one of mexico's best poets and author's son was killed this year and you say that spawned a grassroots movement, this outrage, that perhaps is going to put more pressure on politicians. explain that. >> right. the violence in mexico obviously is the worst we've ever seen it at this point. it's become a human rights crisis, really. you've got officials, human rights officials in mexico talking about this crisis in terms of like the bull kans back in the 1990s. the good news coming out of this, is because the drug cartels are increasingly focused or targeting innocent people, you're starting to see the emergence of large victims groups that are like the one led by the poet javier sa sill ya whose 24-year-old son was killed back in march. these groups are starting to put more pressure on mexican politicians to pursue the kind of, you know, rule of law reforms that the co
kong and that's where mexico has to go? >> in your cover story the first couple paragraphs you talk about this perhaps tipping point and the reason behind it, one of mexico's best poets and author's son was killed this year and you say that spawned a grassroots movement, this outrage, that perhaps is going to put more pressure on politicians. explain that. >> right. the violence in mexico obviously is the worst we've ever seen it at this point. it's become a human rights crisis,...
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kong have been able to do. china with the economic and political problems, with the demographic and geopolitical problems it faces might find that that last period will be somewhat rocky and it may be complex and as henry pointed out, it may require that china stay internally focused and absorbed in a way that will not allow it to project this kind of enormous power. i don't doubt that china is going to be an enormous economy and enormous player on the world stage. the question is will it own the 21st century? will it dominate it? and i say for all those reasons it's not going to do that. [applause] >> good point. come back on this. it was a subject of a lot of debate before this debate, the japan example, the years of g.d.p. growth, and maybe more importantly, the chance that japan in the 1980's was a society like china. one that had a lot of energy like you describe china having dood. why isn't japan's recent past china's near future? >> let me respond to your question and fareed's points and dr. kissinger's
kong have been able to do. china with the economic and political problems, with the demographic and geopolitical problems it faces might find that that last period will be somewhat rocky and it may be complex and as henry pointed out, it may require that china stay internally focused and absorbed in a way that will not allow it to project this kind of enormous power. i don't doubt that china is going to be an enormous economy and enormous player on the world stage. the question is will it own...